View more on these topics

Rightmove dumps Hips

Property website Rightmove has confirmed it is axing its home information pack proposition following the Government’s dramatic U-turn on Hips last week.

Rightmove had planned to spend 22m developing its HIPs proposition, of which approximately 7m has been spent to date. Exit costs are expected to be 1.2m.

Last week, housing minister Yvette Cooper announced that home condition reports would no longer be mandatory once Hips are introduced next June.

In a statement, Rightmove says: “Further to its announcement of July 19, 2006, Rightmove announces its intention to discontinue its investment in Hips. This decision follows a board review initiated last week in response to the change to Hips.”


At your discretion

Recently I saw a new client who was dissatisfied with her existing discretionary fund managers and felt that her portfolio needed to be refreshed. She left us with details of the portfolio, so we were able to analyse what she had.

This week in Politics

Select committee members can expect less of an ear-bashing in future when examining financial services issues after this week’s announcement that Mick McAteer is standing down as principal policy adviser at Which?

Consumers’ champion McAteer quits Which?

Controversial consumer champion Mick McAteer is leaving Which? after 13 years of battling the financial services industry to concentrate on doing charity work on financial exclusion.

GHL links with Key for equity release

Key Retirement Solutions has agreed to take equity-release referrals from the GHL Group. Last week, the FSA called for advisers that do small amounts of business to pass leads to specialist firms or quit the market.


News and expert analysis straight to your inbox

Sign up


    Leave a comment